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just how much all this would cost going into senator reid's office and then that payment heading over to the republican side. manila envelopes changing hands. so all that is a good sign that there are discussions and progress being made, at least they are talking, don. things could be worse. >> okay. so this may be a little bit redid you know danlt, but i want you to go in specifically for me. president obama says he wants another plan put to a vote if the senate fails to come up with a plan. so what is the president's plan, and will republican leaders let that happen? >> well, okay. so senate majority leader harry reid, a democrat, has crafted an alternative proposal that he has -- saying he will put -- if the negotiations i just described fail and if the senators cannot come to a bipartisan agreement, then the democratic leader is going to put on the floor a democratic proposal that would extend tax rates for households that make $250,000 and less. hatch the alternative minimum tax and extend unemployment insurance. so that's a democratic proposal. the problem with that is, you can
just how much all this would cost going into senator reid's office and then that payment heading over to the republican side. manila envelopes changing hands. so all that is a good sign that there are discussions and progress being made, at least they are talking, don. things could be worse. >> okay. so this may be a little bit redid you know danlt, but i want you to go in specifically for me. president obama says he wants another plan put to a vote if the senate fails to come up with a...
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president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it
president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m.,...
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harry reid saying the u.s. is going over the cliff. consumer confidence numbers are down. markets are roiled, and it's not surprising people are worried. but now factor in as tim geithner said that the debt ceiling would be reached by the end of the year. $16.4 trillion. extraordinarily measures. now, what does extraordinary measures mean? suzanne, i'll tell you. it means literally robbing peter to pay paul. shifting the money around. so that you can actually keep paying the bills before you hit the ceiling. all in all, i can't remember an end of a year, suzanne, when we've had two so serious issues affecting the u.s. economy all at the same time. >> it is worrisome. i wonder, richard, do we have any sense of how the markets, the global markets, are even reacting to the potential, the possibility that we'd go over the cliff? >> reporter: yes. at the moment, it is quite clear they are holding their nose from the stench of politics, and they are believing that politicians will do the right thing. i was talking to one u.s. congressman today. in fact, you must have talked to s
harry reid saying the u.s. is going over the cliff. consumer confidence numbers are down. markets are roiled, and it's not surprising people are worried. but now factor in as tim geithner said that the debt ceiling would be reached by the end of the year. $16.4 trillion. extraordinarily measures. now, what does extraordinary measures mean? suzanne, i'll tell you. it means literally robbing peter to pay paul. shifting the money around. so that you can actually keep paying the bills before you...
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president. >> we're going to step away from harry reid. you kind of get the gist of what he's saying. he's blaming the republican john boehner for the stall in talks on fiscal cliff. dana bash is our congressional correspondent. it just seems like this is the blame game. the house speaker would blame the president, the senate majority leader would blame the house speaker. who is to blame in all this? >> everybody is, carol. it's the blame game. i'm a little surprised at how personal harry reid just got in going after the speaker. it is true that things have clearly broken down, that goes without saying, and that the democrats were not happy that maybe a week and a half ago the speaker pulled out of talks with the president after they had reached a pretty good amount of progress. but the fact that he called the speaker a dictator and in the next breath said he's worried about his job, it's a little contradictory, but very personal. let me give you a little bit of a reality check. that is it is true that the house is not in session. they wil
president. >> we're going to step away from harry reid. you kind of get the gist of what he's saying. he's blaming the republican john boehner for the stall in talks on fiscal cliff. dana bash is our congressional correspondent. it just seems like this is the blame game. the house speaker would blame the president, the senate majority leader would blame the house speaker. who is to blame in all this? >> everybody is, carol. it's the blame game. i'm a little surprised at how personal...
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>> well, you just heard from senator reid he's pessimistic. i told you he's probably one of the biggest pes mists on the planet but i think in this particular case he has good reason to be pessimistic. the one thing that i think is important to also note is that what reid is telling people privately, i'm told, is that he doesn't want to bring anything up for a vote unlil he is sure it will pass both houses of congress and one of the reasons for that is a political one. he knows republicans won't want to take a vote to effectively increase taxes for that reason, to say i did it because i want to make sure most americans kept their tax cuts in place but also because of the markets. they really feel here if they take a failed vote and we still go over the fiscal cliff it will make the market reaction even worse than it would be if the fiscal cliff just happens which is not going to be a good scene probably. >> dana, that ing you very much. we'll be back with you in a half hour. >>> the adupgs of a russian child was almost complete. now an america
>> well, you just heard from senator reid he's pessimistic. i told you he's probably one of the biggest pes mists on the planet but i think in this particular case he has good reason to be pessimistic. the one thing that i think is important to also note is that what reid is telling people privately, i'm told, is that he doesn't want to bring anything up for a vote unlil he is sure it will pass both houses of congress and one of the reasons for that is a political one. he knows...
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a democratic source who said right now what they had to figure out, victor, is whether or not harry reid working with the white house on this can get enough votes from republicans to cross party lines for even a scaled back measure, which the president laid out in general on friday, would just be to keep americans' taxes where they are for those making $250,000 or less. and to do a couple of other things, unemployment benefits, maybe, maybe extend the estate tax cut, which is -- which is also going to run out, but, again, they're not even -- the senator won't even consider doing this, i'm told, unless he's sure they'll get through the senate and the house because politically they don't think there is any reason for congress to take votes that are just going to fail. also, they that i it will be bad for the markets, even worse for the markets to have failed votes and then go off the fiscal cliff. >> so the idea that john boehner is even having this conference call, discussing the possibility of bringing the house back into order, is that an indication that he's optimistic that there will
a democratic source who said right now what they had to figure out, victor, is whether or not harry reid working with the white house on this can get enough votes from republicans to cross party lines for even a scaled back measure, which the president laid out in general on friday, would just be to keep americans' taxes where they are for those making $250,000 or less. and to do a couple of other things, unemployment benefits, maybe, maybe extend the estate tax cut, which is -- which is also...
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the guest list includes harry reid, who this time yesterday said he didn't see any way the fiscal cliff could be avoided. whatever the case, our chief white house correspondent jessica yellin will be watching. what can we really expect to come out of this meeting this afternoon? >> well, alina, we're not sure what really will come out of it. the ideal scenario would be if all sides agree to a scaled-down version of the fiscal cliff agreement that the president and spe speaker boehner had been discussing weeks ago and then senator mcconnell would agree that no republicans would block it in any way if he can promise that. he argues that he can't really make that promise but if e he could then speaker boehner would promise to bring it to a vote on the floor. all sides would shake hands and we'd have a deal before new year's. that seems highly unlikely. but that's what all sides are pushing for today. >> i think we can all agree that tax rates are the biggest sticking point. so what specific issues are your sources saying that they might actually address in this meeting today besides tax ra
the guest list includes harry reid, who this time yesterday said he didn't see any way the fiscal cliff could be avoided. whatever the case, our chief white house correspondent jessica yellin will be watching. what can we really expect to come out of this meeting this afternoon? >> well, alina, we're not sure what really will come out of it. the ideal scenario would be if all sides agree to a scaled-down version of the fiscal cliff agreement that the president and spe speaker boehner had...
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and mcconnell is waiting for reid to chime in. so this is a bit of a standoff right now and we are waiting to see who is going to blink. that's really the question, who is going to blink first and the fact is we just don't know. >> brianna keilar, thank you very much. >>> first, now they were only trying to buy bread and now over 100 people are dead after a bakery is bombed by war planes. we're live from the middle east as the violence in syria escalates. >>> and their job was to make people laugh, but that was before the newtown school shooting. >> he was one of the first responders to the scene. how are you? >> i'm doing okay. >> never in your life could you imagine you'd pull up to a scene so horrific. >> absolutely not. there are certain things that people just shouldn't see. >> how a connecticut morning radio show has become a way for listeners to heal. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarka
and mcconnell is waiting for reid to chime in. so this is a bit of a standoff right now and we are waiting to see who is going to blink. that's really the question, who is going to blink first and the fact is we just don't know. >> brianna keilar, thank you very much. >>> first, now they were only trying to buy bread and now over 100 people are dead after a bakery is bombed by war planes. we're live from the middle east as the violence in syria escalates. >>> and their...
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senate majority leader harry reid is here, eulogized senator inouye and senator daniel acaca. it is fascinating, president obama is at thor is is mony watching this happen, just a reminder of just how long serving representing hawaii daniel inouye did, he represented hawaii from 1959, from before president obama was even born. he has been a main stay here in hawaiian politics and? a very significant moment for this state. >> also amazing that this guy served in world war two while members of his family were interred back in the u.s. an absolute hero. brianna, thank you very much. >>> no matter how the fiscal cliff negotiations play out, the wealthy will probably see their taxes go up, but congress can't seem to agree on hot wealthy is or are. even if they figure that out, there's also disagreement about how their taxes should go up. cnn's lisa sylvester sat down with a megamillionaire who says he is ready to take a hit and you so should the rest of the 1%. >> reporter: the question who is considered rich? house speaker john boehner pushed for tax hikes for those making $1 mill
senate majority leader harry reid is here, eulogized senator inouye and senator daniel acaca. it is fascinating, president obama is at thor is is mony watching this happen, just a reminder of just how long serving representing hawaii daniel inouye did, he represented hawaii from 1959, from before president obama was even born. he has been a main stay here in hawaiian politics and? a very significant moment for this state. >> also amazing that this guy served in world war two while members...
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all eyes there as senate majority leader harry reid tries to cobble together something that can get some republican support. we'll be waiting to see exactly when president obama is coming back but we understand that the senate even though it reconvenes on thursday may not, senate democrats may not roll out a bill until closer to the new year. also get some republican support and put pressure on the house to take it up. >> we'll be following that very closely. have a wonderful christmas and of course we'll talk with you a little bit later. if there are any developments on the fiscal cliff. stay with cnn for any movement on that standoff day or night. we're the woolstons in turkey. i'm joel. >> katy, sidney, brittany. >> we'd like to wish merry christmas to our family in idaho. merry christmas! >> merry christmas! >> happy holidays! t an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now thi
all eyes there as senate majority leader harry reid tries to cobble together something that can get some republican support. we'll be waiting to see exactly when president obama is coming back but we understand that the senate even though it reconvenes on thursday may not, senate democrats may not roll out a bill until closer to the new year. also get some republican support and put pressure on the house to take it up. >> we'll be following that very closely. have a wonderful christmas...
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between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it could come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming from democrats, this is not something that mitch mcconnell at this point is planning to do, and it's very much unclear. the fact is, it doesn't just matter what the senate does, don, the house would have to pass something. and whatever were to come out of the senate at this point would require not just republican support, they made that clear last week when they didn't support speaker boehner's plan b. it would come down to speaker boehner deciding whether or n
between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it could come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch...
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senate majority leader harry reid has to cobble together something to get support from some republicans in the senate and also from the house in order to aavert this fiscal cliff. the white house right now is saying they want the threshold for the income tax rates at a quarter million dollars. that might be difficult to get republican support on that, so we'll see if that changes, suzanne. >> do we expect that the president is going to come back early from his hawaii vacation if anything happens on the senate side? clearly, he could get things done from hawaii as well, but it could be at least symbolically for him to return to washington. >> reporter: definitely. we expect that he will be heading back to washington, d.c. he was supposed to be here through the new year. i will tell you nothing is official on the schedule that he's definitely going back to d.c., but the sense you get from the white house is that it's more an issue of when and not if. if there is a bill that goes through the senate, the president will have to be there in order to perhaps twist some arms and certainly the o
senate majority leader harry reid has to cobble together something to get support from some republicans in the senate and also from the house in order to aavert this fiscal cliff. the white house right now is saying they want the threshold for the income tax rates at a quarter million dollars. that might be difficult to get republican support on that, so we'll see if that changes, suzanne. >> do we expect that the president is going to come back early from his hawaii vacation if anything...
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the first family attended today's funeral and so did his long-time friend, senator harry reid. >> to everything, there is a season, a time to every purpose under heaven, a time to be born and a time to die. you see, this was danienian inouye's time. he led a full and productive life. he was 88 years old and he lived each of those 88 years to its fullest. >> inouye's accomplishments are legendary. at his death, he was the senate's longest serving member, second only to robert byrd of west virginia. >>> back here in the u.s., the president is spending the christmas holiday with his family in hawaii. cnn's brianna keilar is there. there is no official word when he is coming back to the mainland but as that fiscal cliff deadline gets closer what do you think will happen as it rolls on? >> reporter: no official word the president will return to washington, i think that is the expectation. as you know, miguel, the senate will convene on december 27th, that's thursday. and in a perfect world, what the white house would want to see is the senate take up some sort of measure to avert the tax
the first family attended today's funeral and so did his long-time friend, senator harry reid. >> to everything, there is a season, a time to every purpose under heaven, a time to be born and a time to die. you see, this was danienian inouye's time. he led a full and productive life. he was 88 years old and he lived each of those 88 years to its fullest. >> inouye's accomplishments are legendary. at his death, he was the senate's longest serving member, second only to robert byrd of...
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and senate majority leader harry reid, it is up to him, really, to cobble together something that can get some of that support. right now the white house is still supporting a threshold of $250,000 back to their initial starting point for tax rates going up for those making more than that. but you can imagine, hala, that's going to be very hard for some republicans, maybe even some democrats to sign on to. >> right. and for just about a week ago, it was common to hear a deal will be hammered out. over the last several days we're hearing more and more that potentially this is a reality for americans in eight days' time. your sources in the administration, is there a real concern among some of the people you're speaking with that indeed this fiscal cliff will become a reality? >> i thi >> reporter: i think there is much more of a concern. a couple of weeks ago, you talk to folks not only in the administration but on the hill, there was a thought that this may be averted. now i do think there is more pessimism. you're hearing that publicly, hala. that's also what is going on behind the s
and senate majority leader harry reid, it is up to him, really, to cobble together something that can get some of that support. right now the white house is still supporting a threshold of $250,000 back to their initial starting point for tax rates going up for those making more than that. but you can imagine, hala, that's going to be very hard for some republicans, maybe even some democrats to sign on to. >> right. and for just about a week ago, it was common to hear a deal will be...
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that's when senator reid has said he wants the vote to hap n happen. again, just to be clear, we don't think anything on the sequester will be in this deal at this point or the debt ceiling. those are other issues floating around. right now this deal seems more focused and small. let's listen to what the two senators were saying last night, sounding more optimistic. >> it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. it was a very serious meeting and it took an extended period of time, as you all know, waiting for us. >> mr. president, i would just add -- i share the view of the majority leader. we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my congress and the majority leader can make to his. so we'll be working hard to try to see if we can ge there in the next 24 hours. and so i'm hopeful and optimistic. >>
that's when senator reid has said he wants the vote to hap n happen. again, just to be clear, we don't think anything on the sequester will be in this deal at this point or the debt ceiling. those are other issues floating around. right now this deal seems more focused and small. let's listen to what the two senators were saying last night, sounding more optimistic. >> it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. it...
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within the past hour, senate majority leader harry reid spoke on the floor. he really gave it to john boehner. he got pretty personal. >> he did. he really laid the blame at boehner's lap. talked about the fact that he was surprised that the house isn't even in session, which is true, but let's get real. the senate came back into session this morning. most importantly, he was very, very pessimistic about getting anything done before we reach that fiscal cliff. listen to what he said. >> the speaker just has a few d days left to change his mind, but i have to be very honest, mr. president. i don't know time wise how it can happen now. >> let me kind of lay out the state of play. i'll try to keep it out as much as possible. this is something everybody is focused on. the ball is in the senate's court right now. so what senator reid, who you saw earlier, and the president, what they are trying to figure out is whether or not they can craft what the president called a scaled-back bill, which is what he campaigned on. raising taxes for everybody making more than $2
within the past hour, senate majority leader harry reid spoke on the floor. he really gave it to john boehner. he got pretty personal. >> he did. he really laid the blame at boehner's lap. talked about the fact that he was surprised that the house isn't even in session, which is true, but let's get real. the senate came back into session this morning. most importantly, he was very, very pessimistic about getting anything done before we reach that fiscal cliff. listen to what he said....
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all of those have been on leader reid's desk, and my question is why would he let it sit there? when you have paperwork on your desk, and let's say this is your employee, and the paperwork is marked on the desk urgent and some hitting in may and august and why not take it up. >> plenty of blame to go around, but last week, and go back a week ago -- >> okay. >> and when john boehner came up with what i kept seeing the pictures of john boehner and president obama sitting together and very good picture and they are both good guys to come up with a plan, and john boehner came up with a plan that democrats would not enjoy the idea that taxes going up on people earning more than $1 million a year and not acceptable for most people, but he could not get members of his own caucus to agree to it, so it is not fair for the republicans to somehow suggest that we are here because of the democrats. i am not saying that the democrats had nothing to do with it, but you can't get your own act together, and the republicans and the democrats in the house can't get their act together. >> well, we
all of those have been on leader reid's desk, and my question is why would he let it sit there? when you have paperwork on your desk, and let's say this is your employee, and the paperwork is marked on the desk urgent and some hitting in may and august and why not take it up. >> plenty of blame to go around, but last week, and go back a week ago -- >> okay. >> and when john boehner came up with what i kept seeing the pictures of john boehner and president obama sitting...
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. >> one last question, harry reid said if you can't put something by tonight, he will put a scaled down version of what the president has asked for with regard to tax cuts on the senate planned for of course that is raising taxes on everybody making above $250,000 a year. do you think, knowing your republican colleagues, that enough republicans will cross over the democratic side and allow that to pass, if -- even if it's 60 votes needed? >> you know, it's hard to say until we know exactly what might be in it. this -- this is what i would say about that. if that's where we end up and if he decides to move a bill onto the floor and maybe could pick up the house passed extension of all the rates, hr-8, as a vehicle for that he ought to open it up to the amendment process, give us an opportunity to debate some of these things that we think ought to be a part of t what he will more than likely do, if history is any guide in this, is take a bill and felt amendment tree and prevent republicans from having an opportunity to offer amendments. think we would welcome an opportunity to have a deba
. >> one last question, harry reid said if you can't put something by tonight, he will put a scaled down version of what the president has asked for with regard to tax cuts on the senate planned for of course that is raising taxes on everybody making above $250,000 a year. do you think, knowing your republican colleagues, that enough republicans will cross over the democratic side and allow that to pass, if -- even if it's 60 votes needed? >> you know, it's hard to say until we know...
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senator reid is not here yet. it does seem like the republicans are perhaps either working with other republicans or working out the details of this possible deal. i think we're in the real working hours right now, and perhaps the less said by these major players at least for the moment, the better. >> the yes, well, let's hope that's the case. jessica, both sides still seem to be aways from what they want and everyone seems to be saying no one is going to get 100% of what they want, right? >> it's a compromise. everybody knows that at this point. i know the staffs of the two leaders are in touch and contacting each other trying to get closer. i can tell you what democrats want is, as you know and the president has made clear, a tax increase for people who make households that make $250,000 and more. an extension of unemployment benefits that affects some 2 million americans or so, a delay in those massive spending cuts that congress put into a package a year ago. increase in the estate tax. now, what do republica
senator reid is not here yet. it does seem like the republicans are perhaps either working with other republicans or working out the details of this possible deal. i think we're in the real working hours right now, and perhaps the less said by these major players at least for the moment, the better. >> the yes, well, let's hope that's the case. jessica, both sides still seem to be aways from what they want and everyone seems to be saying no one is going to get 100% of what they want,...
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you know, senate majority leader, harry reid has got an approval rating just a little bit above that, 34% for his role in the fiscal cliff negotiations. >> let's move on to other polling information. which i agree is prety long-term. locking out to 2016 now, what is the potential impact on all of this say on who could replace the current president of the united states. what are we seeing? >> well you know, that's right. the future is very fascinating. we took a look in a poll that we released today, the cnn/orc poll that looked at republicans and democrats. we asked senators from both parties, who they support. let's take a look at the parties. here's the lineup, for the democrats it's secretary of state hillary clinton. she's far and away ahead of the pack with what, 85% of those who said they would support her. she's got a 20-point lead over the next front-runners, which is vice president joe biden. new york governor andrew cuomo, the son of mario cuomo is in third with 56%. >> a lot of that i would guess is probably just simply based on name recognition at this point? >> it is. >>
you know, senate majority leader, harry reid has got an approval rating just a little bit above that, 34% for his role in the fiscal cliff negotiations. >> let's move on to other polling information. which i agree is prety long-term. locking out to 2016 now, what is the potential impact on all of this say on who could replace the current president of the united states. what are we seeing? >> well you know, that's right. the future is very fascinating. we took a look in a poll that...
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Dec 27, 2012
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let's listen to harry reid. he is not happy about the house and being away. he is the top senate democrat. >> we are here in washington working. we have the house of representatives out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> here's a reality. reid said it's beginning to look to him as though we will plunge over the cliff come tuesday. they are keeping an eye on washington to see what develops. since it looks as though we are headed for higher taxes, i want to bring in terry savage, a personal finance expert for the chicago sun times. terry, let's walk through the higher taxes. we heard little class families are likely to lose $2,000 a year. you break it down this way for single earners making $85,000 a year if their take home pay is $2500 every two weeks. when the higher taxes kick in, they will see their pay go down $120. that's not a little. we are taking a major hit. >> this is big money. almost $400 a month. when you add up a couple of biweekly paychecks. i have numbers fro
let's listen to harry reid. he is not happy about the house and being away. he is the top senate democrat. >> we are here in washington working. we have the house of representatives out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> here's a reality. reid said it's beginning to look to him as though we will plunge over the cliff come tuesday. they are keeping an eye on washington to see what develops. since...
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Dec 24, 2012
12/12
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harry reid has the task of trying to cobble something together that can get some republican support in the senate and also get some republican support in the house and make it through congress. that's a difficult task. the white house saying they want the threshold for income tax rates expiring to be $250,000 and above. they are back to their initial negotiating position. and so between that and the lack of discussions going on, you sort of understand why you're hearing from democrats and republicans this pessimism about going over the fiscal cliff. privately, that's all what we're hearing that it is a real possibility to go over the cliff, even though there's a possibility of still working out a deal. but this is a last-ditch effort for sure. >> it's incredible that privately they are also saying that. everyone thought once we get closer to the deadline, they are going to get it together, come up with some sort of deal. if this stopgap measure does actually pass before january 1st, is the president prepared to go back to d.c. and cut his vacation short? >> reporter: he is. officially
harry reid has the task of trying to cobble something together that can get some republican support in the senate and also get some republican support in the house and make it through congress. that's a difficult task. the white house saying they want the threshold for income tax rates expiring to be $250,000 and above. they are back to their initial negotiating position. and so between that and the lack of discussions going on, you sort of understand why you're hearing from democrats and...
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Dec 28, 2012
12/12
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if i had hair i'd pull it out with yesterday hearing harry reid saying we may not have enough time to get this done. this is the most anticipated thing we have ever seen. we all knew this was coming. the politics, there are real problems here. the bright spots in this economy have been housing and consumer confidence. despite these indicators, the american consumer has stayed steadfast. it started to come apart during the holiday shopping season. it will come out weaker than we expected. we got consumer confidence numbers that are lower than we have seen in the past months. bottom line is everybody is getting spooked by this. that stuff isn't a light switch. once you start losing confidence, once you start losing trust, it's hard to rebuild it. we're an economy on a slow and steady move, not as fast or strong as we'd like it to be. and this nonsense keeps staring back at that. it's going to take many years to improve our economy and get everybody employed and wreck it with the nonsense that continues to go on in washington. very frustrating. >> all right. thank you for that. four days
if i had hair i'd pull it out with yesterday hearing harry reid saying we may not have enough time to get this done. this is the most anticipated thing we have ever seen. we all knew this was coming. the politics, there are real problems here. the bright spots in this economy have been housing and consumer confidence. despite these indicators, the american consumer has stayed steadfast. it started to come apart during the holiday shopping season. it will come out weaker than we expected. we got...
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Dec 24, 2012
12/12
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sort of unlikely, it seems, that republicans would support th that, but senate majority leader harry reid needs to figure out a way to cobble things together that they will get republican support in the senate and the house. carol, there is a significant chance -- and this is the truth we're hearing both publicly and privately from democrats and republicans -- that we could go over the fiscal cliff. >> well, enjoy the beach there then. i mean, what do you say at this point? you've just got to keep your fingers crossed and your toes and everything else. brianna keilar reporting live from honolulu this morning. >>> let's talk about the gun control debate because it's intensifying following the connecticut school shooting massacre. the nra's president wayne lapierre went on nbc's "meet the press" this weekend saying call him crazy for wanting to put armed security officers in schools. he doesn't mind. nra president david kean told cbs' "face the nation," a ban on assault weapons won't stop mass killings. >> we debated this before. we had a so-called assault weapons ban for ten years. we had
sort of unlikely, it seems, that republicans would support th that, but senate majority leader harry reid needs to figure out a way to cobble things together that they will get republican support in the senate and the house. carol, there is a significant chance -- and this is the truth we're hearing both publicly and privately from democrats and republicans -- that we could go over the fiscal cliff. >> well, enjoy the beach there then. i mean, what do you say at this point? you've just...
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Dec 22, 2012
12/12
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that are set to expire at the end of the year, work out a deal with the senate majority leader, harry reid as well as the senate minority leader mitch mcconnell, trying to figure out something that could ultimately pass the senate and then next pass the house with not only republican support but democratic support, as well. and the president holding out hope this could happen. take a listen. >> nobody can get 100% of what they want. and this is not simply a contest between parties in terms of who looks good and who doesn't. call me a hopeless optimist. but i actually still think we can get it done. >> but the chances of getting something big done that deals with the fiscal health of the country, miguel, out the window at this point. this is something we're talking about to deal just with those tax cuts set to expire for those making $250,000 or less. and also the president wants to deal with extending unemployment benefits for people who are out of work, but when it comes to dealing with, say, entitlement reform and other things to bring down the deficit, tax reform, that's not expected to
that are set to expire at the end of the year, work out a deal with the senate majority leader, harry reid as well as the senate minority leader mitch mcconnell, trying to figure out something that could ultimately pass the senate and then next pass the house with not only republican support but democratic support, as well. and the president holding out hope this could happen. take a listen. >> nobody can get 100% of what they want. and this is not simply a contest between parties in...